Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Purchased by Progeny 3 Inc.

Progeny 3 Inc. lifted its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,390,680 shares of the financial services provider's stock after purchasing an additional 137,906 shares during the quarter. Sixth Street Specialty Lending makes up about 4.0% of Progeny 3 Inc.'s investment portfolio, making the stock its 9th largest position. Progeny 3 Inc. owned 2.56% of Sixth Street Specialty Lending worth $50,921,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Sixth Street Specialty Lending during the 4th quarter worth approximately $17,488,000. Columbus Macro LLC bought a new position in shares of Sixth Street Specialty Lending during the 4th quarter worth approximately $7,669,000. Parkwood LLC bought a new position in shares of Sixth Street Specialty Lending during the 4th quarter worth approximately $3,937,000. Cresset Asset Management LLC lifted its position in shares of Sixth Street Specialty Lending by 83.2% during the 4th quarter. Cresset Asset Management LLC now owns 298,663 shares of the financial services provider's stock worth $6,362,000 after buying an additional 135,593 shares during the period. Finally, Wealthstar Advisors LLC bought a new position in shares of Sixth Street Specialty Lending during the 4th quarter worth approximately $2,782,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Sixth Street Specialty Lending Trading Up 1.8%

Shares of NYSE TSLX traded up $0.41 during midday trading on Friday, hitting $22.71. The stock had a trading volume of 336,216 shares, compared to its average volume of 364,561. The company's 50-day simple moving average is $21.23 and its 200 day simple moving average is $21.46. The firm has a market cap of $2.13 billion, a P/E ratio of 11.19 and a beta of 0.82. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $18.58 and a fifty-two week high of $23.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $113.92 billion during the quarter, compared to analysts' expectations of $116.70 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. During the same period last year, the firm earned $0.52 EPS. Research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Announces Dividend

The company also recently announced a -- dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a dividend yield of 8.9%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is currently 97.35%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Royal Bank of Canada lifted their price objective on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. LADENBURG THALM/SH SH downgraded Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company cut their price objective on Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, B. Riley assumed coverage on Sixth Street Specialty Lending in a research report on Tuesday, May 13th. They issued a "buy" rating and a $23.00 price objective for the company. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $22.81.

Sixth Street Specialty Lending Profile

Sixth Street Specialty Lending, Inc NYSE: TSLX is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.